SEC Filing | Ocean Power Technologies

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SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

LOZIER PAUL F

(Last)

(First)

(Middle)

C/O OCEAN POWER TECHNOLOGIES, INC.

1590 REED ROAD

(Street)

PENNINGTON

08534

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/02/2007

3. Issuer Name and Ticker or Trading Symbol
Ocean Power Technologies, Inc. [ OPTT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6,873⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	12/23/1998	12/23/2007	Common Stock	1,500⁽²⁾	16.7⁽²⁾	D
Stock Option (Right to Buy)	01/23/1999	01/23/2009	Common Stock	1,500⁽²⁾	18.3⁽²⁾	D
Stock Option (Right to Buy)	01/23/2000	01/23/2010	Common Stock	1,500⁽²⁾	20⁽²⁾	D
Stock Option (Right to Buy)	01/22/2003	01/22/2008	Common Stock	1,500⁽²⁾	17⁽²⁾	D
Stock Option (Right to Buy)	11/22/2004	11/22/2009	Common Stock	1,500⁽²⁾	17⁽²⁾	D
Stock Option (Right to Buy)	09/27/2005	09/27/2010	Common Stock	1,500⁽²⁾	18.7⁽²⁾	D
Stock Option (Right to Buy)	09/26/2006	09/26/2011	Common Stock	1,500⁽²⁾	13⁽²⁾	D
Stock Option (Right to Buy)	10/05/2007	10/05/2017	Common Stock	1,500	17.32	D

Explanation of Responses:

1. Reflects a one-for-ten reverse stock split, which became effective on April 20, 2007.

2. Reflects a one-for-ten reverse stock split, which became effective on April 20, 2007 pursuant to which (i) the number of shares common stock underlying the option was divided by ten and (ii) the exercise price of the option was multiplied by ten.

	/s/ Charles F. Dunleavy, attorney-in-fact for Paul Lozier	11/13/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.